AUDNZD Short
AUDNZD short looks good to me right now
The recent rise for AUD since the last fed meeting on the 16th of march has been due to initially china boosting their economy leading to stronger asian equities and a short commodity boom and somewhat of a short squeeze in risky assets.
asian equities have begun to move lower and risk is moving lower as well. It looks to me like the AUD story is losing steam and we could shift to risk off on the back of a hawkish fed.
I think this should impact AUD more than NZD.
We also have a RBNZ meeting this week, i'm not sure whether they hike by 25 or half a point but i do think they will be hawkish which could underline the difference in policies between AUD and NZD.
Not trading advise. any feedback welcome!
The recent rise for AUD since the last fed meeting on the 16th of march has been due to initially china boosting their economy leading to stronger asian equities and a short commodity boom and somewhat of a short squeeze in risky assets.
asian equities have begun to move lower and risk is moving lower as well. It looks to me like the AUD story is losing steam and we could shift to risk off on the back of a hawkish fed.
I think this should impact AUD more than NZD.
We also have a RBNZ meeting this week, i'm not sure whether they hike by 25 or half a point but i do think they will be hawkish which could underline the difference in policies between AUD and NZD.
Not trading advise. any feedback welcome!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.